Rancak Media – JAKARTA — The Composite Stock Price Index (IHSG) closed marginally weaker, settling at 8,414.35 on Friday, November 21, 2025. Despite this slight decline in the broader market, several prominent stocks, including TPIA, PANI, and BREN, displayed resilience and successfully closed in positive territory.
Data from the Indonesia Stock Exchange (BEI) indicates that the IHSG concluded the trading session down by 0.07%, equivalent to a loss of 5.56 points, reaching its final mark of 8,414.35. The benchmark index commenced the day at 8,403.90 and briefly achieved an intraday high of 8,432.60. Reflecting the prevailing sentiment, market breadth showed 274 stocks advancing, 352 declining, and 187 remaining stagnant. Overall, the market capitalization, or market cap, for the day amounted to a robust Rp15,421 trillion.
The modest downturn in the IHSG was primarily driven by the lackluster performance of several key big-cap stocks. Notably, PT Telkom Indonesia (Persero) Tbk. (TLKM) registered a significant drop of 3.85%, contributing to the index’s weakness. Similarly, PT Unilever Indonesia Tbk. (UNVR) saw its shares decline by 2.31%. Financial sector heavyweights also faced pressure, with PT Bank Negara Indonesia (Persero) Tbk. (BBNI) falling by 1.57%, and PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) closing down by 0.75%.
Conversely, defying the general market trend, a select group of stocks managed to post commendable gains. PT Chandra Asri Pacific Tbk. (TPIA) recorded an impressive increase of 1.04%, reaching Rp7,275 per share. Following suit, PT Pantai Indah Kapuk Dua Tbk. (PANI) climbed 0.90% to Rp14,025, while PT Barito Renewables Energy Tbk. (BREN) demonstrated solid growth of 0.51%, closing at Rp9,850 per share. Additionally, PT Dian Swastatika Sentosa Tbk. (DSSA) advanced by 0.50% to Rp100,000 per share. Even PT Bank Mandiri (Persero) Tbk. (TLKM) managed a slight uptick of 0.20%, closing at Rp4,950 per share, showcasing pockets of strength within the market.
Beyond these individual movements, the list of today’s top gainers was dominated by PT Royalindo Investa Wijaya Tbk. (INDO), which soared by an remarkable 24.79% to Rp302. Closely trailing was PT Suryamas Dutamakmur Tbk. (SMDM), experiencing a substantial surge of 24.75% to Rp1,260. On the other end of the spectrum, the most significant declines, or top losers, included PT Informasi Teknologi Indonesia Tbk. (JATI), which underwent a sharp correction of 8.72% to Rp157, along with PT Anugerah Spareparts Sejahtera Tbk. (AADI), which declined by 8.64%.
Providing insightful commentary on the day’s trading activities, Valdy Kurniawan, Head of Research at Phintraco Sekuritas, observed that the IHSG had previously closed lower by 0.24% at 8,399.33 during the first trading session. From a technical analysis perspective, Valdy further explained that the MACD indicator exhibited a widening negative slope, while the Stochastic RSI remained positioned in a neutral area. Considering these technical cues, Valdy projected that the IHSG was likely to trade within a range of 8,335 to 8,400 during the second trading session.
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Summary
The Jakarta Composite Index (IHSG) closed marginally weaker on Friday, November 21, 2025, settling at 8,414.35, marking a 0.07% decline. This modest downturn was primarily driven by the lackluster performance of several key big-cap stocks, including TLKM, UNVR, BBNI, and BBRI. Despite the broader market’s decline, prominent stocks like TPIA, PANI, and BREN displayed resilience and successfully closed in positive territory.
Specifically, PT Chandra Asri Pacific Tbk. (TPIA) recorded a 1.04% increase, while PT Pantai Indah Kapuk Dua Tbk. (PANI) climbed 0.90%, and PT Barito Renewables Energy Tbk. (BREN) grew by 0.51%. The day’s top gainers included INDO and SMDM, contrasting with top losers such as JATI and AADI. Valdy Kurniawan of Phintraco Sekuritas noted that technical indicators suggested the IHSG would likely trade within a range of 8,335 to 8,400 during the second trading session.
